- FirstService’s fourth-quarter Adjusted EPS was reported at $1.34, missing the estimate of $1.38, but showing an increase from $1.11 year-over-year.
- Total revenue reached $1.37 billion, marking a 26% increase year-over-year, surpassing the estimate of $1.32 billion.
- FirstService Residential generated $521.3 million in revenue, up 5% compared to the previous year, slightly exceeding the estimate of $516.2 million.
- FirstService Brands achieved revenue of $844.1 million, reflecting a 45% year-over-year growth, and surpassing the estimated $812 million.
- Adjusted EBITDA was reported at $137.9 million, a 33% increase year-over-year, and slightly above the estimate of $137.7 million.
- Analyst recommendations for FirstService include 6 buys, 3 holds, and no sells.
A look at FirstService Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
FirstService Corp, a company specializing in real estate services for residential and commercial properties in Canada, showcases a diverse range of strengths and opportunities, as per the Smartkarma Smart Scores analysis. With a high Momentum score of 4, the company displays strong positive price trends and market performance indicators, indicating robust potential for growth. Additionally, the Growth score of 3 highlights promising prospects for expansion and development within the industry. However, areas such as Value, Dividend, and Resilience each score a 2, suggesting room for improvement in terms of relative value, dividend payouts, and overall resilience to market fluctuations.
In summary, FirstService Corp presents a solid foundation within the real estate services sector, as evidenced by its consistent delivery of property services in Canada. The company’s favorable Momentum and Growth scores, despite some areas for enhancement in Value, Dividend, and Resilience, point toward a generally positive long-term outlook, indicating potential for continued growth and success in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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